Wealth and Tax Avoidance in America New research from UC Berkeley economists reveals a stark reality: America's richest citizens pay an average tax rate of just 24 percent, significantly lower than the official estimates suggest. The study examining the Forbes 400 billionaires confirms the tax code functions regressively at the top, allowing the wealthiest to shelter fortunes through losses and creative accounting strategies. Billionaires now pay lower effective tax rates than many middle-class professionals. These ultra-wealthy individuals, including figures like Elon Musk and Jeff Bezos, employ sophisticated wealth-management tactics such as taking minimal salaries while holding company shares and investments in pass-through entities with favorable tax treatment. The disparity has widened in recent years and is expected to persist due to current tax policy.
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